Report: Business Firms Underestimate Risks of Social Media Trends

Businesses around the world appear to be unprepared to handle the threat of security risks from growing technologies such as cloud computing and social networking, according to new research from financial analyst firm Ernst & Young.

Businesses around the world appear to be unprepared to handle the threat of security risks from growing technologies such as cloud computing and social networking, according to new research from financial analyst firm Ernst & Young.

The firm’s 13th annual Global Information Security Survey found that, while sixty percent of respondents perceived an increase risk with the rise of social networking like Twitter and Facebook in the workplace, only 10 percent of companies think that security teams should examine such new and emerging IT trends as a priority.

Moreover, just 33 percent of respondents indicated that social networking is a considerable challenge to effectively delivering information security initiatives.

“We

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